Dodd-Frank Blog
OCC Seeks Comment on Volcker Rule to Implement Treasury Recommendations
Banking The Office of the Comptroller of the Currency is seeking comment to assist in determining how the final rule implementing section 13 of the Bank Holding Company Act, which is referred to as the Volcker Rule, could be revised to better accomplish the purposes of the statute. The OCC’s request is limited to regulatory actions […] Read more →
Delaware Supreme Court Rejects Presumption that Deal Price is Best Estimate of Fair Value; Private Equity Buyer’s Price Deserves Appropriate Consideration
Litigation, M&A In DFC Global Corp. v Muirfield Value Partners, L.P. et al, the Delaware Supreme Court declined to adopt a presumption that in an arm’s length merger the deal price is the... Read more →
A Review of Initial Coin Offerings (ICOs)
Blockchain Technology, Public Companies and Securities Given the SEC’s investigative report on initial coin offerings, I thought it would be interesting to review a small sample to see what else is really out there. I turned to... Read more →
When is an Initial Coin Offering a Security?
Public Companies and Securities As discussed in a post from last week, the SEC determined that Initial Coin Offerings can be securities. The finding stems from the SEC’s investigation into The DAO’s... Read more →
Independent Directors, Law Firm and Financial Advisor not Liable for Omissions in Private Tender Offer
Litigation, M&A R.L. Polk & Co. Inc., a private company, was allegedly more than 90% controlled by the Polk family. The Company was in the consumer marketing business with holdings such as... Read more →
SEC Finds Initial Coin Offerings Can be Securities
Blockchain Technology, Crowdfunding, Public Companies and Securities The SEC issued an investigative report cautioning market participants that offers and sales of digital assets by “virtual” organizations are subject to the... Read more →
FSOC to Review Volcker Rule; Regulators Defer Enforcement for Foreign Funds
Banking On Friday, July 28, 2017, Treasury Secretary Mnuchin will preside over an executive session of the Financial Stability Oversight Council (Council) at the Treasury Department. The... Read more →
Treasury’s Recommendations for the Volcker Rule
Banking, Broker-Dealer, Derivatives The U.S. Department of the Treasury previously issued its first in a series of reports to President Donald J. Trump examining the United States’ financial regulatory system. The... Read more →
SEC Commissioner Supports Mandatory Shareholder Arbitration
Litigation, Public Companies and Securities Reuters is reporting that SEC Commissioner Michael Piwowar urged IPO companies to request relief from the SEC to include mandatory arbitration provisions for shareholder disputes.... Read more →